OCC a "Mixed Bag"
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Domestic OCC was down $2/ton in January, to $164/ton, the first decline since July, according to Wilde. The decline was $10/ton in export OCC to China in January. Looking ahead to February, he adds, Nine Dragons (No. 2 producer) will take around 15 days of downtime (˜350,000 metric tons) during the Chinese New Year. This could put downward pressure on OCC prices. However, demand in Mexico and winter could limit generation/collection, putting upward pressure on OCC prices.
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